Monday, December 13, 2010

Capital: Dalian floor Enterprise Division Crown timber IPO today officially launched

2010-1-19, China parquet leader – Dalian branch mien wood co., Ltd. announced a preliminary inquiry bulletin and initial public offering of shares issued A letter of intent. Division Crown wood thus taken an access key to China's capital markets, and this also marks our flooring industry onto the fast track.

Crown timber mainly engages in high-grade parquet of research and development, design, production and sales, by virtue of its excellent product quality, flexible innovation, enterprising spirit of research and development, and reasonable pricing mechanisms, wise environmental protection concept, branch to hold the Crown timber midstream in the parquet industry forefront of not only to bring a good economic benefit enterprises, and the massive use of small fuelwood, timber recycling rate is high, with good social benefits.

Prospectus shows, Corona wood this A stock issue with network object placing under xiangxunjia and online to the public investor pricing offering a combination of the issuance amount 2,350 million shares A unit. Collecting funds mainly for wood utilization project, while the remaining funds will complement the company's liquidity.

According to the release schedule, the Division Crown timber from 20 to 22 January in Shenzhen, Shanghai, Beijing and other places to release A share of Inquiry recommended work, 27 January at the network and online purchase and payment, issuing notice will be published on 26 January.

Ms. Wei Ping, Chairman, said that with urbanization and industrialization process of increasing acceleration, real estate, construction decoration industry will maintain a continuous and rapid development, the Division Crown wood raw materials supply planning to extend the industrial chain of upstream, the forestry and wood-based panel industries, forest and plate to plate keeps forest, forest cultivation, formed from wood production and processing to the sale of forest Board integration complete industry chain, at the same time, efforts to improve the efficiency of wood utilization. The company plans in the next 3-5 years, relying on technology development and innovation, developing into global parquet is one of the major suppliers to form a core competence of downstream forest Board integration industry chain system, and ultimately into a well-known brand and a mature sales network in China.

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